Key Benefits:
Law of 4 October 1988, reducing the rate and non-zero-fixing of power deduction in the Law on Corporate Tax, 1969
We Beatrix, at the grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc.
All of them, who will see or hear these, saluut! do know:
In particular, we have taken into account that, in the context of a better use of resources, it is desirable in the Law of corporation tax 1969 reduce the rate and set the capital deduction to zero;
In this way, we, the Council of State, and with the mean consultations of the States-General, have been well-regarded and understood to be right and to be understood by the following:
The deduction of capital and corporation tax for a financial year starting before 1 October 1988 and ending on or after that date shall be by way of derogation from the date of Articles 8 , 18 and 22 of the Law on Corporate Tax 1969 , calculated according to the formulae:
, where X proposes: the number of days covered by 1 October 1988 for the financial year,
Y proposes: the number of days of the financial year falling after 30 September 1988;
B proposes: the total number of days of the financial year;
OV proposes: the company's assets at the beginning of the financial year as intended for the settlement of power deduction;
To propose: the rate of corporation tax as it stands before the entry into force of this law;
Tn proposes that the rate of corporation tax, such as that rate, is after the entry into force of this law;
Q Proposes: the taxable amount or the taxable amount of the domestic amount.
1 This Law shall enter into force from 1 October 1988.
2 Article I shall apply for the first time with regard to the levy for the year starting on or after 1 October 1988.
Burdens and orders that are in the State Sheet will be placed, and that all ministries, authorities, colleges and officials who so concern will keep their hands on the precise execution.
Given at Tavarnelle, 4 October 1988
Beatrix
The Minister of Finance,
H. O. C. R. Ruding
The Secretary of State for Finance,
H. E. King
Published in the sixth of October 1988The Minister of Justice,
F. Korthals Altes
